Microfinance, Financial Innovation, and Sustainable Entrepreneurship in Economics
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The use of microfinance as a strategy for improving the socio-economic wellbeing of beneficiaries in developing countries has been extensively reported. However, how microfinance institutions have used financial innovation to promote sustainable entrepreneurship, particularly in developing and emerging economies, is not well understood. Financial innovation allows time and resources for creating and adopting new business models to develop products/services and finding a niche market as well as e
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This insightful examination of microfinance's evolving role in developing economies explores how financial innovation can drive sustainable entrepreneurship beyond traditional poverty alleviation. The book investigates how microfinance institutions are creating new business models, developing specialized products and services, and identifying niche markets through technological and financial adaptation. It addresses a critical gap in understanding how these institutions are transforming from basic lending operations into engines of entrepreneurial growth.
What makes this work particularly valuable is its focus on the practical mechanisms through which financial innovation creates lasting change, moving beyond theoretical discussions to show concrete applications in real-world contexts. Development economists, microfinance practitioners, and policymakers working in emerging markets will find this analysis essential for understanding the next evolution of financial inclusion strategies. The book successfully bridges the gap between academic research and practical implementation, offering a roadmap for how financial innovation can build sustainable entrepreneurial ecosystems in developing regions.
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